March 14, 2013

When news isn't - Kinnevik and Naspers edition

In my post When Nordic success is classifieds I wrote that it was news that Kinnevik and Naspers had invested in the same company, even though they invest in the same geographies. It turns out that it wasn't the first time they had invested in the same company. About a week ago Naspers confirmed it had invested in the Nigerian e-commerce company Konga.com. It just so happens to be that that a major earlier investor in Konga.com was Kinnevik.